Parthenon LLC Has $20.05 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Parthenon LLC reduced its stake in Exxon Mobil by 1.9%, holding 185,946 shares valued at approximately $20.05 million, making it the 13th largest position in their portfolio.
• Recent changes among institutional investors include Cidel Asset Management increasing its stake by 2.0%, while Crux Wealth Advisors raised theirs significantly by 22.4%.
• Exxon Mobil's recent quarterly earnings showed a net margin of 9.17% and a return on equity of 11.34%, with analysts currently placing a "Moderate Buy" rating on the stock with an average target price of $127.58.

Parthenon LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,946 shares of the oil and gas company's stock after selling 3,555 shares during the period. Exxon Mobil makes up approximately 2.3% of Parthenon LLC's investment portfolio, making the stock its 13th largest position. Parthenon LLC's holdings in Exxon Mobil were worth $20,045,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in XOM. Cidel Asset Management Inc. boosted its stake in shares of Exxon Mobil by 2.0% in the second quarter. Cidel Asset Management Inc. now owns 46,469 shares of the oil and gas company's stock valued at $5,009,000 after buying an additional 918 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 0.9% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 42,369 shares of the oil and gas company's stock valued at $4,567,000 after buying an additional 372 shares during the period. Crux Wealth Advisors boosted its stake in shares of Exxon Mobil by 22.4% in the second quarter. Crux Wealth Advisors now owns 14,088 shares of the oil and gas company's stock valued at $1,519,000 after buying an additional 2,581 shares during the period. Mezzasalma Advisors LLC boosted its stake in shares of Exxon Mobil by 3.9% in the second quarter. Mezzasalma Advisors LLC now owns 30,244 shares of the oil and gas company's stock valued at $3,260,000 after buying an additional 1,125 shares during the period. Finally, Sigma Investment Counselors Inc. boosted its stake in shares of Exxon Mobil by 3.6% in the second quarter. Sigma Investment Counselors Inc. now owns 51,264 shares of the oil and gas company's stock valued at $5,526,000 after buying an additional 1,775 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on XOM shares. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. UBS Group raised their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Finally, Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $127.58.

Exxon Mobil Trading Up 0.0%

NYSE:XOM opened at $112.72 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $480.55 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The firm's 50 day moving average is $112.10 and its 200 day moving average is $109.25. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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